ES 5-19-11

Prefer shorts on a higher open today or after 8:30 A.M reports.....Yesterday was another low Volume rally....

keys on upside will be 45 - 48 and 52.50 - 55...ideal sell zones

other key area is 1340..lots of time spent there....but the biggest key will be 1332.75 - 1334.75 as support ...this is where the buyers defended yesterday and we have the peak volume price that never got revisited.....

Options expiration so I am working under the assumption that they will want to keep it away from 1350 as long as possible..